Richmond Palladium (Daily), Volume 45, Number 54, 14 January 1920 — Page 2

PAGE TWO THE RICHMOND PALLADIUM AND SUN-TELEGRAM, WEDNESDAY, JAN 14, 1920.

BUSINESS MAN IIAS ' DI66EST PR0BIE1 III I1ME STATEMENTS

To the person whose Income 1 derived fioio' business, the problem of making oat correct lneorae4ax return la greater than that presented to

,we salaried man. Business enterprises mar be divided

into three classes those engaged tn , snaking; those engaged In producing', end those engaged in trading. To

those may be added another classthose which do not produce, make, or trade, and which may he designated as business services, such as transportation, storage, laundry, livery, and srsmsre snice. in snch cases the

gross Income would be the total

amount earned and received.

To reflect net income correctly and to ascertain gross income. Inventories am necessary at the begUmlns and end of each fiscal or calendar year, according to the method of aocounting. In every business In which production, .purchase, or sale of merchandise la an

Income-producing factor. Annual Inventories Necessary,

The Inventory should Include raw material and suxwlles on hand that

have been acquired tor sale or use In production, together with all finished or partly finished goods. It should Include merchandise sold but hot billed to the customer at the date of the inventory, and any goods out upon consignment, unless such goods hare been included in the sales for the taxable

year, It should also Include merchan

dise purchased, although not actually received, to which title has passed to

the purchaser-

Inventories may be taken, either on

the basis of "cos or "cost or market," whichever It : lover. Either method once adopted must be followed each year, unless permission to change fa obtained from the commissioner of Internal revenue.

. How to Commute Inventorize. . b computing net income a merchant

may Had his profit on the following

basis:

First ascertain the gross sales send

the other items of cross Income, such

a Interest on bank deposits and mis

cellaneous items. Then aaa togetner the inventory at the beginning of the year and the cost of goods purchased tor resale. From this sum subtract

the inventory at the end of the year, and the result Is the cost of the goods

sold. This cost, plus necessary busi

ness expenses, is to be deducted from

the gross sales and other Income ana the result Is the toet Income of the business. Typical deductible business

expenses are for salaries, tabor, cost of merchandise, raw materials and supplies, rest, raw materials and supplier, rent, repairs, llaht. cower, delivery.

selling cost, .advertising, and insur

ance.

No special system of accounts is pre

scribed by the bureau of Internal revenue, but the books should show in detail Inventories, purchase, sales, capital investments, depredation, and

similar items required la making up

the mcome-tax return. Accovnttna System Urged.

"Aside from the necessity of keeping systematic eeeounts in order to comply with the government's requirements, every progressive merchant should adopt an approved accounting system tor the good of his own business,' says Commissioner of Internal Revenue Daniel C. Roper. "In no other way can he further his financial

interests more effectively, ft has been

proven time and time again- that: accurate accounts are absolutely essential to success in puataeaa. The merchant who baa a good accounting sys

tem is able to eliminate waste and unnecessary expense, and can so control his credits as to greatly lessen his

chances of faflure. The inventory.

which oca not be takes without some

form of accounts, is the compass of a

business. Without It the direction tn

which the business Is heading either

for success or failure eaa not be deter

mined."

Kffltca Corn Show State

v FcH cf Interesting Events

Complete program for the corn

show Saturday at Milton was atmoune-

ied Wednesday. The program follows!

10 a. &u entry ard placing exhibits of corn: 10:80, music: 10:45, public

Installation grange officers by a mem-

Jxsr of state grange; 11:45, pitch-in

dinner; 1 p. m-, music; 1:16, aaaress.

E. J. Leweuyn, Newcastle; a, music;

bongs paper, Mrs. Everett Williams j recitations music; recitation: sons:

ddress. Everett MeCaure, - Aurora:

hoarding of prises on corn. The corn

show is open to the world. The pub

lic is invited to come, bring dinner.

and enjoy this program. LeweUyn IS a Readpath Chautauqua lecturer and Everett MoClure is vice president of

the Indiana federation of farmers.

"QUIT KNOCKING," 8AY8 EBERT feERLIN. Jan. 14--Frledrloh Ebort

president of the Republic of Germany, today appealed to the press of the world to cease disseminating distyust, suspicion and hostility toward Ger

many.

MUNGIE IS HOST

TO CREDIT BODY

MTTNCTE. Jan. 14.--The business

men of Monde are making elaborate

preparations for the entertainment ox the Indiana state conference of busi

ness men to be held In this city on the

23rd. of January.

The Indiana branch of the National

Association of Credit Men, now has a membership of 710. Representatives

best sense of the word. It Is building up a oo-operatle spirit in place of the old, antagonistic spirit so ruinous to business and so humiliating to men

of high ideals. The ethical aide of business is reeetrinr intelligent con

sideration by this organisation, and men of shady practices are being jlrlven from the ranks of business.

HOO SALE AT CIC-RO

BREAKS PRICE RECORDS

CICERO, InL. Jan. 14. A sale of

Spotted Ppland China hogs by Ed H. Wise and Son here Tuesday broke the

est i the state are expected to be at

this conference.

Coming as it does at this Important

Juncture of the reconstruction of

American business

tioss, this conference will be of unusual interest to business men gener-

i'mt. National Secretary J. H. Tregee

will be in attendance. Besides him.

the following prominent Indiana busi

ness men will appear on the program:

J. H. Landenberger, president of the Ft. Wayne Drag company. Ft. Wayne:

Q K. Kuehne, of the H. D. Lee Mercantile company, South Bend; Joseph B. Kebler of the R. O. Dunn company,

Indianapolis Charles O. Grafton, of

the Oul Clay Pot company. Muncie;

H. W, vbss, Evanavllle, and Dr. C. L.

Mees, president emeritus of Rose Folytechhlo Institute of Terra Haute.

National Secretary Tregoe, is reecognlsed as a man of broad concept

'and a leader in constructive business

method Si He will not only address the conference, but will act as "Quiss

Master" in an open discussion of bus!

ness problems, in Which personal

vidual prices of hogs. Chief's Best, the boar of the herd, brought $35,000.

He was purchased by an Iowa breed

er. The once was the birrest ever

illl ni a .a

or u,&ss a need.

In the English language there are

mora innimai tia-lrmnar with "XXT

than any other letter.

AM GLAD TO ENDORSE

PE-RU-NA

Glad to Try Anything

Three

U U k ttlTiklf ram i

Slttsa and I was broken out all over my body. X began to be wor-

riaa aoeot my aoeamon ana i was a-la to try auaythla waiek OMM VeUOTO MM. Psi i m raooaa4 to sao as a flne blood remedy and tonic, aad X soon f ouad that lt wao vvorthy Of rata. A few bottUs : 7 caaattUm materially aad In a short time I wao all orer my travel, X ewe my restoration to health and strength to Par an.

glaS to aaSarea W

SoM Ertr (ktn

Wcsiao Terribly

Run Down

Condition

n lek ooooMU

2SS Layco 8W Manaaha, Wis, aey IJedarkrans. Mlse Leopold's latter opposite conveys in no uncertain way too gratitude ah tools for Parana.

lA-rf am Tafclet

ST. PAULMAN

GAINED 20 LBS. TAKING TANLAC

I have gained twenty bounds In

weight since taking Teniae, and not in years have I enloved snch fine

'problems will be dealt with in a help- health generally," was the statement

Eui manner. " I maae ute otber day by John Terrlen.

The National Association of Credit who lives at 24 Bt Peter street. St.

Men, us a business staDUizer in the raui, Minn,

(OWE DECLARES (IE IS POIVERLESS TO CHECK G0U6ERS

Handicapped by . CootcVrTC

futal to Roorganiza Wartinw Jr-Prlca Board, JJaJtSj ni ..I

ATTORNEY'S DUTY ttTfiTOP

PROFiTEERlHQ, AX$LiEIM

sProsectl&r . Has ? NaTlrnirfoll

Anwer Questions Concern Ing. AcfUon JrHDtrCrtiei , e !. '" "

-Chunoriae for .direct, vbmrous!

galas( he food gougtrs, 'whoa'

ua rcsponsuMe soyiae onosmou:

ntst of their children, Francis

Kast; Catted States district st

ctclared yesterday be was chock prafitterisg.-1' Mr. Esse conplahieor 1

Uy hsBdicaped by the Cooke, fonaetly food a

nUadelpbla. to

Cair-prke board. Thai

of publicity, oajac froBCeers,he said.

, But Howard He!

tor. -for, Pennsylvania,

sat Kobe en that

flew with the Pcnuc Lxsij

burxh last -icbt Sfr.'Hehisr.1J, althouthlt wss'isakint eveonor1

have-, fair-price boards. 'rt-estaMtd? fhst would net releTfhtdral-ao;r

norwts cram urarsuiy jo-proflteerinf.-tSiiB&V'iil r The district attorn kbit tbo Lever .ibodsbUol

prove' to be-effective la eases- ei

las as distinct from pronto(reTterstea that it would be uAenlt to oroye rlalatlona.

Mr. Kane aeknowledses that

- . k . a .m7 'i -it

are inordinately Bits. isnorinc Kee of meatsi. regarding which Jxd fiimmerS. asenft ni '-Uiit State S

Snd Dairy Dartmtnt. and eovermnent

roH-aBd.'dsQrlaspector, hrt given bla St mkss of evidence he.aaldl Ihaf "the

wks et ricu.vyetsbies awjerrtfjle.'t a k a ...

Qrgat Quantities of Food Seized by Federal Agents in Big Cities

T3ICTI0N5 f th real nunch bet

X the high-cost of living were given)

ones, - . , While Attorney General .1

fsmnlttse that he intended to

hisae -prices than these listi

word came from Cmcagoi B

Quantities ef foodttaffs fay f

proceed under the food-control i

la Chicago 284,180 pounds

and

'eston, Aur."14.

aign to reduce

in many

REGULA

ORY FOOD

mma twev vse

! i ciues. - . - . 'v

17 -r

m jtirmingnam xw oarxer II If r m Ml f

maimmmmmmmmmmil M.I I 1 M MM V J . "V ' r

- J II I It If In M n V) (

eusr J "uvm. fi i t-j

niiii r. vxs i '. . r ,. x avv.vs

. n H V . M VW l 1V -lv

v s7 u i .

unur 'ijf.. .i i ares mm ans fuir

i m 4 5i -' I MM Ml NCv

jeerganwr .uv vsi ar Mf

", UOMWHUIm VXS;. ' II W "jfiTttorrctu

w m mm am ai o w ari sr m A -mm r a. i . m h tr mm - w - vjwvr.' t i

f Slalx.WSS5r II FS teMWsx:

--mmw m mr a m m m m w mt . i m m w ." m -t

a- hTmWj II f - 'w w . m w V

7. fMM-TrWMTWMWm lMMrUrKMWV1TL.S. VTIf A I V0TTr TitTT

j-qRAi xrsj'fsssft ruin t in i .bin j xxvxvxvxvrxx tzxi

a v& i -wr r ' ' r rr mW mT m m m m m m mmmtw . ma. - v- . r v h r -v re -

xtAT i .,VVVrJXXXXXfy fllfVkl VV . 1111VVX -j-e?:

v warn w nH.- rr r xji m mvm tMtm mm as r p i s a 's

ri ikn svi

a i r ia umh'-. uii, i."1 '"i ?u ! ii ra. l . aw bai a. k

m s inn s s Tra a i it i s s mmo n - t as 9 a a m a - c a s -mm-mm. m m mh m is a sr . tw r '

V m - mW i . l r . m r . . as- v a. k. m awr - a a l- a aw m l i a M aW

mmW a . m - Jf - . - 1 sss r - tv w "Wa .- mW f V .m JI

B.SSi S8, r ksiSSSSSsr Wap i mvm ""sBSmSBpSMBIJ

FwffaMHi iy iiun.a wv Awiwn i

rnisHD

-HOWARD HEINZ

a. . I

-Pb.PrIs Boards Willi

fvs H. CTL. Problem.

is Administrator

TO AID PALMER

Cooloa Rsltsratss Refusal

to Return for.FbocT Fight

HowSrdHelns, teds'dmla5ator

. f enmyiTania, w an wm'n

Atp.Tspo)rBo over "the long

UK BlSiW, BWM1 BO

his power to Indue

rstore to rtoTganlse

boards.vas reauested

llates attorney' gen$fal.

?, ss bis opinion', -Ihet

aboards wHK bo. see

est upon ui niix cost

that it rests with, the

$s to sssuae regolabjry entire systenvef food

Ookfie refusal of Jar Cooke.

.'administrator for Pblla

ni to this city from

end reorganise the fair

c, Mr. Ileins expressed

at VIr. Cooke may vet ha

to assume that burden.

ilr. Cooke, in a talk over the

fence wire last sight said be

.in bis determination not to

"his duties as food sdmiols

War fs Over. Says Cooke

war is over' said Mr. Cooke.

don't ice why X sho&ld -fcomc

e job of food administrator.

eered for that office during the

ie present situation jnay be an

of theTwar, but I can't see

iu gee mixta up in it. U

would return ana asx roc the work that would bo a

SLATED CURRFfJCy

ismjUr.E

cias

toil

how?

People

fclass sre

trkyoB

Jrs.

ster 4

its us

able fori

922 a wl

, Jem, too

and -salt

Will cot thlnkins

Sronld th

earth aoj

est.. Et they're n eggs wed

onioJoa

how. .A

I-don't 1 Tor (hat

.United pie eat tbirtes,

ear advi

cents a that peoi

i taias you can ' Mrs. Thlrty.s nomlcal the situs that. I

so where

eems to twice V

jrou do la u Just noi ,

e gee a...-stu ..gn a. , a 1 a on ta ' V T- a ' J iw"r,er" wm rjj m

fron't fln

ban st 4 almost id

Iseoe.tbi

good umi

eaa anz

ows, ta its pled

epsusess

ti and Bet for.

one mat

smoneb

lar by

enairiount

Cold. Yate Professor Say a

i T AST season's suit still holds together and we can halfsole our shoes. And you can still buy a Wg generous tin of the jolliest old pipe tobacco that ever came down the pike, without mortgaging the old homestead. Hooray! Good old Kentucky is still growing Velvet's honest fragrant leal We're still ageing Velvet in the wood. Velvet's just as smooth and mellow and mild as it ever was. The quality's there and the quantity's there just the same. Take the "cost" out of the "high cost of living"' and what 1 do you get? Why, "high living' of course. Well, sir, that's what Velvet does.

It's Eke Velvet Joe says:

'Anybody can tell you how much Velvet costs. But onlv

ycf old pipe can tell you how much Velvet is worth."

There 9 goodness knows how many pipe loads in every tin of Velvet. Or if you want the mildest cigarette ever there's 45 big ones in every tin.

house is about as difficult asjapyotber Work that I know of.

II'

J bu

hi .

reaol

p Unirer-

vn tbeorv

pcrr oriiTi

lutlon for

HI Eler-

todsy, trouble

1 only wsy

Jby addinr

AS-Hitin

lown. the

he taken ccovmo bat th.

thout et.

te detsils en it wss

'itles are

gold -be

re. sf reuses of liTing, is impbr

! esusios United of fold

dollar. this bol. over the w. yeSrs.

a a. few

ot be back; to

should .up-to there.

consider govera eost' of

dy by

retail

flOU.000

bject to

"It was six years aso that my health

oroke oown," continued Mr. Terrle:

and since that time I have suffer

until I was nearly a wreck. My appetite was so poor that for the past

several years all 1 took, for breakfast was a glass of milk and a cup of hot water, and t could eat little or nothing at other meals.' The pains in my

stomach were so severe that they al

most drew me double, and the only way I could get relief was to bend

down over a chair, 1 would bloat up with gas and would have a heavy, distressed feeling that continued for hours. 1 was trouble a great deal with heartburn, and many a night I was In such agony that I had to get up and walk the floor, 1 was so ner

vous I would Jump at the least unexpected noise and finally I quit drink-.

mg tea and coffee altogether as I thought that was partly to blame for

my extreme nervousness, but it dldi

me no good. I had to continually be ; I taking laxatives as I was badly constipated. My sleep was restless and.

broken and I was so weak and run .

down I can hardly understand how I held up so long under the strain. I in the papers and finally I made up!

my mind to give it a trial. Well, sir, , the very first bottle went right after my troubles and the way I improved was remarkable. And today my recovery has been so remarkable that it i seems almost too good to be true, j My digestion was hever better in myi life and t don't have- to worry over!

what I can est because everything agrees with me perfectly; The gas and pains have all disappeared and I

am no longer bothered with heart, burn. My nerves are steady and normal and I sleep like a log every night. I get up of mornings ready

for a hearty breakfast and go off to

my work feeling fine. I am no longer constipated J in fact, I am never both

ered in any way whatever now. Just the other day I weighed and I tipped the scales at just one hundred and forty pounds, Just twenty pounds heavier than I was two months ago."

Tanlao is sold in Richmond by Clem

Thistlethwaitet in Oreensfork by C. D. Corine: in Cambridge City by Mr.

Dean House; in Pershing by Sourbeer

& Rodenberg; in Centerville by Centervllle Pharmacy, and in Milton by

W. It. Parkins. Adv.

si- , 1 H. C. HASEMEIER CO,

III -J-W-gLy J Jj i P ifi Combined with style. I II beauty, and comfort is ?f II the ability of these uJ M Y splendid corsets to VJtHI j withstand wear and jP- I II keep their shape. Ren- L ?Hf r go Belt Reducing Cor- M L sets fit when they are xAWWIa ) II Aa M J tl-.Aw1 VaIivi 1 ftVuillll fi III ill (lty

i ll iuiiuikm yii

their beautiful lines I ! T nT j l TCV longer than anv other Ij. njlir SrV corset. This is because j I J 1 11 they are extra strong Lj where the greatest rfti strain comes over, JsUtI MTIi Jl the abdomen and hips. jjnH I WMfr ot Price range of Rengo iHMrtwT:7TT ' Belt Corstt LJJ I I? v $3.50 to $10.00 MjmmwJ,'hMt

I The most economical Corset g ever devised for women of I i stout or medium figure, , t . TUB STORE WITH ONLY ONE PRICE

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Furniture Specialists Today success comes almost entirely to men and women who specialize. Competition is so keen that it is all a person can do to combat the nerve-rackino; incidents that arise in one particular line of business without venturing into other fields. We specialize in furniture and have made a success .of our effortsthanks in great part -to the generous support that has been extended to us by the people of Richmond and district ever since we started business. We have made a constant and close study of this line and consider ourselves well fitted to give the soundest possible advice to prospective buyers of home furnishings. Our stock is chosen with our customers' needs intimately in mind and with our long experience and judgment working hard to secure the utmost value for you. When It comes to the matter of furniture we are ever vigilant. Realizing that many opportunities come to us sooner or later, we maintain a rigid and close watch on all markets. That is why we find so many opportune furniture values which in turn we share with out customers. Being always on the watch and maintaining our buyers in the principal markets, we are able to locate and secure much worthwhile furniture of really exceptional value. ' - - We welcome comparison of quality and service.

5 5 D)

Mewtosv-.-uBttry - Wfood rftf trpl . act.

- .l,i.t,'-. t,-.-)G HIS 3QD